(Bloomberg) -- Deaths worldwide from coronavirus have exceeded 100,000. New York’s daily virus deaths fell slightly after three record-high days as U.S. cases neared 500,000. Italy extended its lockdown into May, ignoring pleas from business.France reported four deaths in Covid-19 patients using experimental drugs, including one touted by U.S. President Donald Trump. U.K. Prime Minister Boris Johnson is walking around as part of his recovery while the nation had the most deaths in one day.Canada says summer reopening of business is possible, if restrictions remain in place.Key DevelopmentsCoronavirus Tracker: Global Cases 1.65 Million; Deaths 101,000Apple, Google plan contact-tracing phone app‘No Sail Order’ for cruise ships extended; Boeing may cut jobsPotential coronavirus drugs may cost as little as $1, study saysHong Kong’s edge over Singapore shows early measures workAmericans worship from the parking lot, onlineWhite House weighs new panel to map post-virus recoveryU.S. Deaths Climb; N.Y. Falls Slightly(4 p.m. NY)U.S. cases were...
Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person briefed on the matter confirmed on Friday. "We're going to be meeting with Boeing," President Donald Trump told reporters on Friday. "Boeing has not asked for aid yet but I think they probably will... We can't let anything happen to Boeing."...
The coronavirus pandemic has been a huge wakeup call to many businesses that have long put their manufacturing eggs all in one basket — as well as relying on a "just-in-time" inventory model. Some of this will have to change....
(Bloomberg) -- Virgin Trains USA is poised to win $10 million in tax credits from California’s economic development agency for its proposed passenger rail to Las Vegas from a southern California desert city.The company, backed by Fortress Investment Group private equity funds, has said the project will generate construction jobs and full-time and part-time posts, as well as boost housing production and reduce pollution by getting cars off the road. A state committee on April 23 will consider granting the tax credit under the program known as California Competes and the award would result in a net increase of 320 workers in the state, according to an agenda posted on the economic development office’s website.California’s potential support for the venture comes as the state battles the coronvirus pandemic and related economic fallout that threatens to cause widespread tax revenue declines. Governor Gavin Newsom has warned state agencies that they shouldn’t expect...
